Kim Ivey

An elite group of Funds Managers were recognized last night for their excellent performance and contribution to the industry at the 2017 Hedge Funds Rock and The Australian Alternative Investment Awards, one of the Australian financial sector’s most enduring charitable efforts.

Over 450 guests attended the awards dinner at the Shangri- La Hotel in Sydney.

The nominees and winners were selected by a combination of quantitative and qualitative factors developed by the following panel of judges: Matt Olsen from Lonsec Research (Chair) Simon Ibbetson from Eternal Wealth, Daniel Liptak from Australia Ratings and Kim Ivey from Vertex Capital Advisers. Lonsec Research, one of Australia’s largest investment research and ratings groups, became a partner in 2017 and were instrumental in assisting the judges with collecting and collating the fund data.

Kim Ivey, an alternative investment industry stalwart, HFR Chairman and a founder of the event congratulated all the winners and the nominees: “Based on the long deliberations of the Judging Committee, this year’s awards were some of the hardest to assess, with many managers producing excellent numbers.

“The awards recognise fund managers in the Australian alternative investment industry who have produced superior risk adjusted returns and those groups or individuals who have made exemplary investment or contributions to the local alternatives industry.”

The event raised over $150,000 adding to the nearly $3 million already raised by the alternative investment industry since the event began in 2002.

The Redkiteorganization is again the major sponsored charity for the event.

‘We are thrilled to be part of this wonderful event again this year. On behalf of the children and young people with cancer we support, we would like to thank the entire Hedge Funds Rock and The Australian Alternative Investment Awards community for their ongoing generosity’ said Tyler Juel, Red Kite National Corporate Partnerships Manager.

The category winners in the 2017 Australian Alternative Investment Awards are:

• Best Long Short Equity Fund: Macquarie Australia Plus Fund
• Best Global Macro/Futures Fund: AE Capital Fully Geared USD Systematic FX Fund
• Best Emerging Manager: Tribeca Global Natural Resources Fund – Class A units
• Best Market Neutral Fund: Macquarie Pure Alpha Fund
• Best Fixed Income and Credit Fund: JPMorgan Global Bond Opportunities Fund
• Best Multi Strategy Fund: Aberdeen Multi Asset Real Return Fund
• Best Listed Alternative Investment Product (new for 2017): ETFS Physical Palladium (ETPMPD)
• Best Offshore Manager Operating in Australia: Man Investments
• Best Investor Supporting Australian Alternative Investment Managers: Pinnacle Investment Management
• Contribution to the Australian Alternative Investment Industry: Daniel Liptak- Australia Ratings
• Australian Alternative Investment Fund of the Year: Macquarie Australia Plus Fund

The post Investment industry charity announces its 2017 award winners appeared first on AdviserVoice.

Kim Ivey

One of the Australian financial sector’s most enduring charitable efforts, Hedge Funds Rock (HFR) & The Australian Alternative Investment Awards has announced the nominees for its 2017 awards event.

The event, now in its 16th year, is an annual charitable and networking evening. It is traditionally held in Sydney in conjunction with the Alternative Investment Management Association’s (AIMA) Australia Annual Forum. HFR attracts all the major participants in the local alternative investment industry together with a growing contingent of offshore investors, advisers and service providers to raise money for charity.

According to Kim Ivey, an alternative investment industry stalwart and HFR Chairman, “Many investors have been increasing their allocation to alternative investment strategies in the wake of steeper valuations in capital markets, increased global geo-political risk, and heightened uncertainty regarding future central bank policies.

“Based on the long deliberations of the Judging Committee, this year’s awards were some of the hardest to assess, with many managers producing excellent numbers.

“The awards recognise fund managers in the Australian alternative investment industry who have produced superior risk adjusted returns and those groups or individuals who have made exemplary investment or contributions to the local alternatives industry.”

The award winners will be announced at Sydney’s Shangri La Hotel on Thursday, September 14th, 2017. The HFR committee is hoping to increase its donation to local charities this year and a wide selection of prizes and auction items have been donated by generous benefactors. The Redkite (http://www.redkite.org.au/) organization is again the major sponsored charity for the event. The HFR committee is hoping to add to the nearly $3 million already raised by the alternative investment industry since the event began in 2002.

“The awards have become an established industry event, attended by nearly 500 people from the alternative investment industry each year,” said HFR Chairman Kim Ivey.

Here are the 2017 award nominees:

Best Long Short Equity Fund

• Antipodes Global Fund
• LI Capital Long Short Fund
• Macquarie Australia Plus Fund

Best Global Macro/Futures Fund

• AE Capital Fully Geared USD Systematic FX Fund
• Kaiser Global Diversified Program
• Man AHL Evolution (AUD hedged)

Best Emerging Manager

• AIM Global High Conviction Fund
• Alleron Australian Eagle Trust Long-Short Fund
• Tribeca Global Natural Resources Fund – Class A units

Best Market Neutral Fund

• Bennelong Long Short Fund
• Macquarie Pure Alpha Fund
• Pengana PanAgora Absolute Return Global Equities Fund

Best Fixed Income and Credit Fund

• Janus Henderson Global Fixed Interest Total Return Fund
• JPMorgan Global Bond Opportunities Fund
• Alexander Credit Opportunities Fund

Best Multi Strategy Fund

• Aberdeen Multi Asset Real Return Fund
• Insight Investment Diversified Inflation Plus Fund
• MLC Wholesale Inflation Plus – Assertive Portfolio A

Best Listed Alternative Investment Product (new for 2017)

• Blue Sky Alternatives Access Fund Limited (BAF
• ETFS Physical Palladium (ETPMPD)
• PM CAPITAL Global Opportunities Fund Limited (PGF)

Best Offshore Manager Operating in Australia

• Aberdeen
• Man Investments
• Partners Group

Best Investor Supporting Australian Alternative Investment Managers

A cross section of the Australian investment industry was invited to nominate candidates for the best investor supporting local alternative investment managers.

Contribution to the Australian Alternative Investment Industry

A cross-section of the Australian industry was invited to nominate candidates for the best contributor to the Australian alternative investment industry.

Australian Alternative Investment Fund of the Year

(Winner to be announced on the awards night)

The category finalists were selected by a combination of quantitative and qualitative factors developed by the following panel of judges: Matt Olsen from Lonsec Research (Chair) Simon Ibbetson from Eternal Wealth, Daniel Liptak from Australia Ratings and Kim Ivey from Vertex Capital Advisers. Lonsec Research, one of Australia’s largest investment research and ratings groups, became an HFR partner in 2017 and were instrumental in assisting the judges with collecting and collating the fund data.

The post Investment industry charity announces its 2017 award nominees appeared first on AdviserVoice.

Kim Ivey

Hedge funds have recovered from the outflows which occurred during the global financial crisis, according to industry stalwart Kim Ivey, now an adviser to hedge fund managers and family offices.

Some are having a particularly good year now thanks to the extra volatility from the nervousness over China and the ramifications of Brexit.

Ivey, a founder of the annual Hedge Funds Rock & The Australian Hedge Fund Awards charity night, which is in its 15th year, and judging committee member of the Hedge Fund Awards, says trend-following strategies such as CTAs and managed futures have seen increased investor interest in the past few months, especially since Brexit.

But longer term, since 2008, it is “anything with a yield component” which has proved popular as investors become concerned with growing negative yields in traditional fixed interest markets.

“There is great diversity in the alternatives space,” Ivey says, “and as managers position themselves in changing market environments, there tends to be some cyclicality among strategy returns.”

There are 12 categories in the Hedge Fund Awards, including Best “Hedgie” video, which coincide with Hedge Funds Rock & The Australian Hedge Fund Awards at Sydney’s Ivy Ballroom on September 15, 2016.  $100,000 from net sponsorships, ticket sales and donations is expected to be raised for the Red Kite charity, adding to about $4 million raised by the hedge fund industry since the first event in 2002.

Perennial challenges for Australian hedge fund managers include a propensity for big local super funds to look offshore to larger hedge fund managers for their exposures and, consequently, where to get the best traction in terms of meeting their intended fund flows.

Ivey says that family offices and high net worth investors were early supporters of the local industry in the 1990s, followed, gradually, by super funds and other institutional investors.

Later in the 1990s, super funds began investing in funds of hedge funds. Since the GFC, many fiduciary investors subsequently developed their due diligence efforts and internal teams to build customized alternative investment programs, augmenting their FoHF exposures with single-strategy funds or multi-strategy funds.

“There’s been good progress from the investor side understanding alternative managers and their strategies in the past 10 years,” Ivey says, “ but given the growing appeal of alternative investments, managers are still digesting the differing requirements of sovereign wealth, superannuation, offshore pension, HNW, family office and retail client bases.”

Super funds, in particular since the global financial crisis, are demanding their hedge funds be of “institutional grade” with respect to their business management and infrastructure.

“It’s not just with back office operations,” Ivey says. “If managers desire fiduciary institutions as clients, it is incumbent upon them to build quality client and consultant reporting mechanisms, automated trade reconciliations and collateral management systems, with dedicated operation, compliance and client service teams. This all takes time and money.”

Ivey says that “Investors are also interested in the sustainability of their alternative investment managers. Independent directors, board governance, strategic planning, and brand  management….are all issues that managers should be prepared to discuss when in the due diligence phase with institutional investors.”

Alternative investment managers are becoming popular in the non-institutional market. Mathew Jeremy, another of the HFR judges says that “The Australian hedge fund industry has demonstrated flexibility and competiveness be responding to the demand for platform- friendly products from investors in the SMSF, adviser driven and pure retail space.”

Outside of the local investor base, “many successful Australian managers have also been able to attract Asian, European and North American investors which make up the nearly US$3 Trillion invested in alternative investment strategies”, Ivey says.

2016 Category finalists are:

Australian Hedge Fund of the Year (Winner to be announced on the Awards night)

Best Emerging Manager (Winner to be announced on the Awards night)

Best Fixed Income and Credit Fund

• Alexander Funds Management – Alexander Credit Opportunities Fund
• Bluebay Asset Management LLP – The Bluebay Credit Alpha Long Short Fund
• Equity Trustees – The Spectrum Strategic Income Fund

Best Global Macro / Futures Fund

• Man AHL Evolution Programme
• ISAM Systematic Trend Fund
• Commonwealth/Colonial First State Group – Aspect Diversified Futures-Class A

Best Long Short Equity Fund

• The Paragon Fund
• The Macquarie Alpha Opportunities Fund
• Regal Atlantic Absolute Return Fund

Best Market Neutral Fund

• The Macquarie European Alpha Fund
• The Bennelong Long Short Equity Fund
• Regal Tasman Market Neutral Fund

Best Multi Strategy Fund

• The CQS Directional Opportunities Fund
• The Aurum Investor Fund
• The Atrium Evolution Series Diversified Fund – AEF 9

Best Offshore Alternative Manager Operating in Australia 

• AQR
• Aspect Capital
• Angelo Gordon & Co.

Hedge Funds Rock will also present an award to individuals in the below categories.

Best Investor Supporting Australian Managers

A cross section of the Australian Hedge Fund industry were invited to nominate candidates for the best investor supporting local hedge funds.

Contribution to the Australian Hedge Fund Industry

A cross-section of the Australian Hedge Fund industry were invited to nominate candidates for the best contributor to the Australian Hedge Fund industry.

Australian Hedge Fund of the Year (A winner decided by the judges will be announced on the Awards night)

The category finalists were selected upon by a combination of quantitative and qualitative factors agreed by the following panel of judges:  Simon Ibbetson (Chair) from 358 Pty Ltd. , Matthew Jeremy from Caravel Consulting Services , Daniel Liptak from Arkaba Advisors, Angela Ashton from Evergreen Consultants, as well as Kim Ivey from Vertex Capital.

The post Healthy hedge fund industry on display – Hedge Funds Rock & The Australian Hedge Fund Awards announce finalists appeared first on AdviserVoice.

ZGA combines the global alternatives research and resources of Gottex Fund Management with private interests associated with David Smythe and Daniel Liptak. ZGA will obtain and operate under its own AFSL.

ZGA will focus on bespoke solutions for alternative assets customising to strategy type, regional focus, liquidity, risk tolerance and fee load constraint. ZGA is not beholden to an implemented model or a fund of fund approach where the lack of the flexibility has shown that these approaches redundant as they fail to meet an individual client’s needs.

ZGA will utilise both the domestic alternative database of Zenith Investment Partners and the global resources of Gottex Asset Management.

Zenith Investment Partners co-founder and director, David Smythe, said: “ZGA delivers global reach with a local presence”. “ZGA clients will have access to unrivaled expertise in global and domestic hedge funds which will lift the covers on transparent due diligence”.

Daniel Liptak, will move from Zenith Investment Partners to head ZGA as Chief Executive Officer while David Smythe, co-founder of Zenith Investment Partners will be a non-executive director of ZGA.

Gottex Fund Management has a heritage dating back to 1992, over $7.0 billion in fee earning assets and office locations in Hong Kong, Zurich, Lausanne, Luxembourg, Switzerland, United Kingdom, New York. Gottex is a majority employee controlled company with more than 110 employees, dedicated to alternative investments.

Max Gottschalk, Chief Executive Officer of Gottex Asia, stated “This is the launch of a new alternatives advisory business with its own committed resources delivered to the needs of Australian clients”. “Gottex is one of the largest hedge fund allocators in Asia and today’s announcement further reinforces our commitment to the region and teaming with local practitioners who understand the needs of the local market”

Other than the use of Zenith’s alternative research database and some common shareholders, the two businesses will operate independently and Zenith Investment Partners business and focus will remain unchanged with it continuing to target the intermediary adviser market place with its research, investment committee and model portfolio offering.

The post ZGA launch to deliver new global alternative consulting capability to market appeared first on AdviserVoice.